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$EGDD Caught this on a relatively timely scan...
Per company tweets (https://twitter.com/ScientificPrp) and OTC security details (https://www.otcmarkets.com/stock/EGDD/security), this could be the very beginning of a massive rocket ride.
Count me in!
Any idea why it rocketed and then crashed?
Will keep an eye on...
$TAWNF Likely no new news until then (*5/28)
Looking for something more substantial than a rehash of what we already know currently.
$AVVH More I look, more I like :)
$AVVH shareholders, the custodian action to cancel over one billion shares is included in the custodian’s motion to discharge. We are awaiting a hearing date and will update you when we get one. Be well.
— Krisa Management LLC (@KrisaManagement) May 10, 2021
Dear $AVVH shareholders, the ink is dry. NV SOS and OTCM will be updated shortly to reflect the transfer of control. We love the new business model, we believe 100% in the new management team, and we will stay involved with the company going forward. More details soon. Be well.
— Krisa Management LLC (@KrisaManagement) April 29, 2021
$SUIC Curious if this will rocket again...
Nice news!
https://www.otcmarkets.com/stock/SUIC/news/story?e&id=1894938
https://www.otcmarkets.com/stock/SUIC/news/story?e&id=1899396
$TAWNF Boom goes the dynamite! Word.
Pay attention to the crystal clear facts here.
Great questions (and posts!).
Worm or rabbit hole certainly is deep.
$TAWNF "...laughing stock..." LOL! Hopefully pun intended :)
$POAHY It's Porsche :) Big Board stock on OTC!
There are many others like Adidas and Mercedes!
Hats off to you Stockpennies and CNBC Steve Weiss :)
Only going up...although most OTC traders can't grasp the long term concept, even though they see these vehicles and merchandise every single day.
$TAWNF Court will meet to consider creditors’ vote
Friday, May 28th (*see below)
https://www.bangkokpost.com/business/2118327/thai-airways-creditors-approve-restructuring-plan
Yes, most likely already know. But, important to repost facts.
$TAWNF Another great Bloomberg article...final approval May 28th
Yes, (strongly agree) READ IT! Facts are facts (*not personal)...and these are quite clear at this point in time.
$TAWNF "Thai Airways creditors approve restructuring plan"
https://www.bangkokpost.com/business/2118327/thai-airways-creditors-approve-restructuring-plan
Yup, indeed it is. Love me some straight facts...good, bad, or otherwise :)
May need to repost many times throughout the day, hence...
$TAWNF Indeed, very nice. Cheers :)
"Chansilp is confident that the Thai Airways Creditors Meeting this May 19 votes through the debtor's rehabilitation plan...Confident in clearing all creditors." [*Google Translate]
Article today (May 19th) at 12:30.
Looking for more news as things develop today.
$TAWNF Vote is tomorrow. Rest is noise.
"...will start..." (hope)
"...plan approved...will start trading" (nope...and we'll see)
"...bailed out the airline..." (nani?)
"...no threat or chance of bankruptcy..." (how do you know?)
"...safeguards..." (just comical at this point!)
$TAWNF "...done deal..." Easy tiger, vote tomorrow :)
$TAWNF Not possible until tomorrow
Could go either way...
"...May 19th make or break vote..." (*still the 18th here in the region!)
"More than 50% of creditors must vote to approve the package currently before the Central Bankruptcy Court in Bangkok."
https://www.thaiexaminer.com/thai-news-foreigners/2021/05/16/pm-denies-new-funding-plan-for-thai-airways/
OTC madness in full effect today. News searching frenzy from the morning :)
$TAWNF "PM denies Thai Airways will be rehabilitated...
...as a state enterprise with new funding at this point"
https://www.thaiexaminer.com/thai-news-foreigners/2021/05/16/pm-denies-new-funding-plan-for-thai-airways/
(May 16, 2021)
Excellent overview of the current situation, to include the make or break vote tomorrow.
To buy, or not to buy, that is the question (*for those on the fence).
Could go either way...or a direction nobody has anticipated.
Very curious to see how this plays out.
LOL :)
Absence of information. Dig?
Yee-haw...
$TAWNF OTC Markets...
https://www.otcmarkets.com/stock/TAWNF/profile
It's news. That's it. Read what you want.
Hope you have and will make bank here :)
Accusation and interpretation...guffaws :)
1) Not a short.
2) Definitely not bullish news. Can you read?
3) "If"... "as long as"..LMFAO!
$TAWNF "PM denies B50bn Thai Airways recap plan"
https://www.bangkokpost.com/business/2116055/pm-denies-b50bn-thai-airways-recap-plan
"Prime Minister Prayut Chan-o-cha on Friday denied reports that the government, through the Finance Ministry, would allocate 50 billion baht to recapitalise financially struggling Thai Airways International Plc (THAI).
He was responding to reports the carrier would again become a state enterprise through the re-acquisition of the ministry's majority stake in the airline.
The prime minister said THAI is currently moving through the debt rehabilitation process.
"I have decided that the government will not involve itself in the work of the rehabilitation plan administrators.
"The government will not provide any financial support... When the rehabilitation plan begins to be implemented, we'll then decide how to proceed," Gen Prayut said."
Seems to be some facts...
$TAWNF "No government bailout for Thai Airways"
https://thethaiger.com/news/business/no-government-bailout-for-thai-airways
"A final meeting for a vote on the Thai Airways debt restructure program is set for this Wednesday after being postponed last week.
Meanwhile, a source close to those managing Thai Airways’ debt rehab plan, says the state is not obliged to provide a bailout for the national carrier. The Bangkok Post reports that Chansin Treenuchagron, acting president for Thai Airways, says no such commitment has been made and the government is not obliged to take on the role of loan guarantor for the airline.
It’s understood that last week, representatives from the Finance Ministry attended an online meeting between the airline’s debt rehab planners and its creditors. However, Chansin says the ministry’s presence at the meeting is not an indication that the state will provide a bailout.
According to the Bangkok Post report, a number of creditors are concerned about the carrier’s ability to secure a loan without assistance from the Finance Ministry, but Chansin insists that, should the rehab plan be judged financially viable, loan procurement will not be an issue, even with the airline’s huge debts.
A vote on the plan was delayed last week after more than 15 creditors asked for amendments to be made. It’s understood a number of creditors, including the Finance Ministry, are against the proposal of a no debt cut outlined in the plan. Thai Airways is understood to be trying to defer bond repayments.
The vote is now scheduled to take place on Wednesday, when the airline’s creditors will decide whether or not to accept the plan. The carrier needs more than 50% of its creditors to vote in favour of accepting, at which point, it will be submitted to the Central Bankruptcy Court for consideration. In the event of insufficient votes in favour of the plan, the national airline will be declared bankrupt.
SOURCE: Bangkok Post"
Trade accordingly...
$TAWNF Thailand Covid cases: "...huge spike last month"
https://www.bbc.com/news/world-asia-57139690
"The country has managed to keep coronavirus numbers low for the last year, but saw a huge spike last month."
Again, airlines need to fill seats. That's their bottom line. What's the government going to do? Continually bleed cash? Maybe. But how long is that sustainable? The next few months will surely tell, but who has that kind of foresight/fortitude in the OTC? I guess, we shall see :)
Check this image from The New York Times (*less than a month ago):
https://www.nytimes.com/2021/04/25/world/asia/thailand-covid-19.html
As they say, a picture is worth a thousand words (especially having been there many times over the years). What used to be party central is now desolate...small businesses going under. Think about that from Bangkok to all the other beautiful islands.
$TAWNF Thailand reports daily record of COVID-19 cases
https://www.channelnewsasia.com/news/asia/thailand-new-covid-19-cases-record-jail-prison-cluster-14825174
Airlines need to fill seats...in and out of the country.
Pay attention to the conversation...
Words matter ;)
And this is trading at 40 cents...LMFAO
$MZEIQ Another one to watch...possible participation :)
Let's see how we boogie today!
$TAWNF Tis my point, you dog :)
Have bought many and will again (*such a lovely part of the world in so many ways!)...but not now, nor will others. Who wants to fly into an increasingly hazardous situation?
"Phuket Was Poised for Tourism Comeback. A Covid Surge Dashed Those Hopes. Phuket, one of Thailand’s top tourist havens, had an ambitious plan to reopen to the world this summer. But with a spike in cases, the island’s desperate situation is unlikely to end anytime soon."
https://www.nytimes.com/2021/04/25/world/asia/thailand-covid-19.html
As for out, countries have to be protective and proactive.
In short, those seats will not be filled, at least many, for quite some time.
All the best if in. Play it smart :)
$TAWNF Government airline rescue can't save tourism losses...
https://www.nytimes.com/live/2021/05/11/world/covid-vaccine-coronavirus-cases
"In Southeast Asia, Dr. Tedros noted that “cases and deaths are still increasing rapidly.”
Cambodia and Thailand, which had controlled the virus throughout 2020, have recorded sharp increases in infections in recent days.
I'd love to go back (to Thailand), especially on this wonderful airline, which I've used countless times, but it likely won't be for a while.
Take profits while you can...IMHO.
$GGII Love industry disrupters! Right place, right time :)
Let the good times roll...
$TBPMF Long term industry disrupter. Will take time...
$TBPMF Indeed. Love this New York Times article...
https://www.nytimes.com/2021/05/09/health/psychedelics-mdma-psilocybin-molly-mental-health.html?action=click&module=Top%20Stories&pgtype=Homepage
Guy and his team are in the right place at the right time.
Very excited moving forward :)
$ETCG Ethereum rocketing upward. Possible great week ahead :)
https://www.coindesk.com/price/ethereum
All aboard!
$MNMD This is still in its infancy... (*NYTimes)
https://www.nytimes.com/2021/05/09/health/psychedelics-mdma-psilocybin-molly-mental-health.html?action=click&module=Top%20Stories&pgtype=Homepage
Imagine where this will be (along with other similar tickers) in 5-10 years time.
Load and hold.
$TBPMF Super day here! Chugga chugga choo choo :)
$GGII Huge gains for many. Major guffaws indeed :)
$GGII You are correct...except page 6.
https://backend.otcmarkets.com/otcapi/company/financial-report/282002/content
Public float: 2,845,000,000 as of May 5, 2021 (*not April 6, 2021 per OTC Markets)
$CSFFF Good stuff...and wholeheartedly agree.